Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 21-August-2014       
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1799.39p    
INCLUDING current year revenue                              1837.07p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1757.18p    
INCLUDING current year revenue                              1794.86p    
The NAV includes a provision for any performance fee applicable.        
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